The parties are in agreement about what the husband will take if he can get his $550K in cash out. 

I am also seeing Home Equity Agreements coming into fashion, but I do not have any details on this.

You'll have to read the lease agreement.

You might not even have to look far; I've had owners who have made agreements with tenants to cut the grass, handle trash and keep the weeds back for their properties.

CalifCalifornia is so tennant friendly that I lose control of an asset that I purchasedIf I'm going to rent it the lease agreement wasn't of my doing.If I'm flipping to sell (my primary focus) there's someone living in my construction site.Bottom line, I'm buying a house, not a Tennant, squatter or whatever.

also open to attorney recs who could help us with this This is pretty common, there would be a loan agreement and then a deed of trust in virginia and a mortgage recorded in florida.

3) If I were to create a rental agreement essentially leasing my Home office space to any or all of these LLCs, can each of these LLC's have a separate Rental agreement with same residence ?

Here’s a simplified breakdown:Lease Agreement: Since your buddy signed a 12-month lease in July '24, he is legally protected until the end of the lease term unless the lease has specific clauses allowing early termination under certain conditions.No New Lease Signed: Since no new lease was signed for the new home and no formal agreement was made, the original lease terms for the townhouse still apply.Landlord’s Request: If the landlord wants to break the lease or has changed their mind about the swap, they would typically need a valid reason, like a breach of lease terms, or might need to negotiate an agreement with your buddy (buy out)Legal Advice: Your buddy might consider consulting a local attorney or legal aid service for advice on his specific situation.

But if your agreement defines "income" from the guest as any monies received by the guest, including fees, cost reimbursement, etc., then that's what you have.

The Mortgagee must obtain a lease agreement of at least one year’s duration after the Mortgage is closed and evidence of the payment of the security deposit or first month’s rent.